Until the first half of February 2022, the total value of pangasius exports to the EU reached 20.2 million USD, up 40.2% over the same period last year. This is the most optimistic growth after many months of stagnation or plunge.
Currently, the Netherlands, Belgium, Germany, and Spain are the 4 largest pangasius export markets in the block of Vietnamese seafood enterprises, in which, the Netherlands is the largest market, accounting for 36.6% of the total export value to this market.
Over 10 years ago, the EU, as our traditional partner, was the largest pangasius export market of Vietnam. However, after reaching the "golden" time in the years 2016-2018, pangasius exports to the EU began to level off and gradually declined.
After being affected by Covid-19, many importers said they faced financial difficulties because the demand for white fish, including pangasius, in many markets of the region had not expanded, while logistics costs, transportation costs, etc., increased significantly. Many EU customers have actively requested to reduce the order quantity, cancel or postpone orders that have already been or are about to be signed. In addition, FOB importers face difficulties due to high sea freight costs, hence although pangasius prices in the EU are still stable, many importers are hesitant to purchase.
Due to higher demands from EU customers, while the repurchase price is not very attractive, in 2021, many enterprises which once had a competitive advantage when exporting to the EU moved to other markets such as China, Mexico, Brazil, Egypt, Colombia, and Thailand. That is also the reason why pangasius export value to the EU decreased continuously.
At the beginning of this year, pangasius export value to the EU is experiencing positive growth again, which is promising for many businesses that would like to return to this market. Although in the past few months, the export value of pangasius to many European countries has been downsized or interrupted, this is still considered a large and important market for Vietnamese enterprises. Compiled by Minh Trang
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
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